GSK and Pfizer launch new firm

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GlaxoSmithKline and Pfizer yesterday announced the launch of a new HIV company, ViiV Healthcare, dedicated to delivering advances in HIV treatment. Chief executive Dominique Limet yesterday promised a &ldquo;relentless pursuit&rdquo; of new treatments. The new company has a mandate to pool the two firms&rsquo; existing HIV treatments and drug pipelines. GSK is contributing 90 per cent of &pound;250m start-up costs and will be the major shareholder.